The Ho Chi Minh City Stock Exchange (HOSE) recently announced that it has allowed listing of more than 1.4 billion shares of the national-flag carrier Vietnam Airlines (HVN) at VND10,000 per share (US$0.43).
About 190 foreign investors were granted securities trading codes in February, bringing the total number of foreign investors participating in Vietnam’s securities market to 29,454, according to statistics of the Vietnam Securities Depository (VSD).
According to Ms. Ta Thanh Binh, head of the Securities Market Development Department under the State Securities Commission, economic positive prospects this year will create great favorable conditions for Vietnam’s stock market.
Prime Minister Nguyen Xuan Phuc has approved the project to establish Vietnam Stock Exchange with head quarter locating in Hanoi by reorganizing the Hanoi Stock Exchange and Ho Chi Minh City Stock Exchange.
Stock market capitalization reached VND3,900 trillion (US$167.75 billion) by December 28 last year, up 12.7 percent compared to the end of 2017, or 72 percent of gross domestic product, according to the Ministry of Finance.